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What it mean 'pass such orders, as it may think t, for regulation of the management of the company including changes, if any, in its memorandum and articles, in public interest or in the interest of the company and its members and creditors;'


Rakesh Shah

Rakesh Shah

CA Final

5K+

13-Oct-21 11:14

184

Answers (1)

The regulator may change MOA in public interest - Eg a company has clause in AOA / MOA on directors but say all directors resign - GOI can appoint fresh directors - happened in satyam - similar such cases can be thought of


Sriram Somayajula

Sriram Somayajula

Admin

13-Oct-21 15:59

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